Chapter 1 Problem 15-9
1. Land (1/4 x 6,000,000) 1,500,000
Building (3/4 x 6,000,000) 4,500,000
Machinery (8/12 x 1,800,000) 1,200,000
Office equipment (4/12 x 1,800,000) 600,000
Delivery equipment 500,000
Cash 8,300,000
2. Land 1,000,000
Building 5,000,000
Machinery 2,000,000
Share capital 6,000,000
Share premium 2,000,000
3. Land 500,000
Donated capital 500,000
4. Machinery (900,000 x 98%) 882,000
Cash 882,000
Machinery 35,000
Cash 35,000
5. Furniture and fixtures (400,000 x .797) 318,800
Discount on note payable 81,200
Note payable 400,000
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